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The owner of a Maltese software development company was in for a surprise during a recent trade mission to Ghana, as he stumbled upon two young orphans who had educated themselves into IT experts.Amazed by their IT proficiency, Geoffrey Farrugia gave each of them a spanking new laptop, as well as access to the servers and Ghana offices of his company (HandsOn System), and plans to give them jobs to work on.

Yididiya Mulatu's insight:

'The owner of a Maltese software development company was in for a surprise during a recent trade mission to Ghana, as he stumbled upon two young orphans who had educated themselves into IT experts.'

A Government paper outlining its proposals for customs arrangements following Brexit has seemingly forgotten about the existence of Gibraltar. In fact, a 1.2km international boundary separates the British overseas territory of Gibraltar and Spain.

The UK sets out the ‘ambitious new customs arrangement’ it wants to secure with the EU after Brexit

Yididiya Mulatu's insight:

'The UK government will today confirm it wants to negotiate a transitional customs arrangement to take effect after Britain leaves the European Union, in the first of many official position papers to be published over the next few months.'

Smart City, which was meant to have been an ICT and media hub, is several years behind its contractual obligations and is not in a position to meet them according to the agreed timeframes.In 2007, the then Nationalist government struck a multi-million euro deal with Smart City’s Duba

Yididiya Mulatu's insight:

'Smart City, which was meant to have been an ICT and media hub, is several years behind its contractual obligations and is not in a position to meet them according to the agreed timeframes.'

If the sea was not particularly refreshing this weekend, it is no wonder: the surface sea temperature reached a staggering 30.1⁰C, according to the Physical Oceanography Research Group at the University of Malta.Coordinator Aldo Drago said that the surface sea temperature was high all aroun

Yididiya Mulatu's insight:

'If the sea was not particularly refreshing this weekend, it is no wonder: the surface sea temperature reached a staggering 30.1⁰C, according to the Physical Oceanography Research Group at the University of Malta.'

The U.S. stock market finished higher Tuesday, with the Dow logging its second straight record and a sixth straight session in positive territory on the back of upbeat earnings, shaking off less-than-stellar reports on manufacturing and inflation.

Yididiya Mulatu's insight:

'The U.S. stock market finished higher Tuesday, with the Dow logging its second straight record and a sixth straight session in positive territory on the back of upbeat earnings, shaking off less-than-stellar reports on manufacturing and inflation.'

'Money last month poured into funds and securities that offer some protection against a sharp correction in the US stock market, the latest sign of cautious behaviour from both professional and retail investors in response to equities at record levels.'

'During a 40-minute court hearing on Monday, Judge Jack ruled that Gibraltar was the center of Mr. King’s business interests. The special administrator of Advalorem, Adrian Hyde, who has been pursuing Mr. King for repayment, was appointed trustee in the personal bankruptcy.'

South Africa's main stock index scaled a record high on Monday, underscoring the market's disconnect from an economy mired in recession, hobbled by damaging ratings downgrades, and still largely defined by apartheid's income inequalities.

Yididiya Mulatu's insight:

'South Africa's main stock index scaled a record high on Monday, underscoring the market's disconnect from an economy mired in recession, hobbled by damaging ratings downgrades, and still largely defined by apartheid's income inequalities.'

Going into Facebook, Inc.'s (NASDAQ: FB) second-quarter financial release, investors were looking to see if the long-predicted slowdown in advertising growth for the social-network purveyor would finally materialize. The company

Yididiya Mulatu's insight:

'For the just-completed quarter, Facebook saw revenue grow to $9.3 billion, up 45% year over year, while net income of $3.89 billion jumped an astonishing 71% over the prior-year quarter. Revenue from mobile advertising grew to 87% of the total, up from 84% in the prior-year period. The average price per ad was up 24%, while the number of ad impressions increased 19%, both year over year. '

AROUND 92 percent of business in Gibraltar is done with the UK. Chief Minister Fabian Picardo revealed the figure while speaking at the annual ‘cursos de verano’ (summer courses). He came to the conclusion following conversations with companies in Gibraltar, and explained that, as a result, access to the UK market is more important to

Computational scientists from the University of Amsterdam, analysing over 98 million firms across the world connected through 71 million ownership relations, have located Malta’s place on the global tax map

Yididiya Mulatu's insight:

'Don't call us a tax haven. Maltese lawmakers may bicker over party lines, but you will be hard to find one voice of dissent when it comes to defending the island’s financial services industry.'

I was moved by the depth of Luciano Micallef’s pain (‘Ravages of the building spree’, The Sunday Times of Malta, July 16).Malta is unique in its history, architecture and values. Despite its miniscule size, it has played an important role in the values developed in th

Yididiya Mulatu's insight:

'I was moved by the depth of Luciano Micallef’s pain (‘Ravages of the building spree’, The Sunday Times of Malta, July 16).'

SHARING A LAND BORDER WITH EU? Dominique Searle spoke about Gibraltar’s land border with Spain and the impact of Brexit at the John Hewitt International Summer School in Armagh. The efficienc…

Yididiya Mulatu's insight:

'While Northern Ireland often reminds London anyone who will listen that it is the only part of the United Kingdom with a land border with the European Union, Gibraltar – a British Overseas Territory – has some experience of this too with its border with Spain.'

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